About this role:
Wells Fargo is seeking an Institutional Investment Operations Manager.
In this role, you will:
- Manage and develop team of individual contributors and managers working on complex issues
- Support the lifecycle of Institutional trades while managing a larger group or multiple groups covering the following functions; client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, as well as, work to resolve confirmation and ISDA related issues
- Identify and recommend opportunities for process improvement and risk control development
- Collaborate with all business partners and various departments, create efficiencies and mitigate risk for team and organization
- Resolve complex issues and processes within Institutional Investment Operations
- Make decisions and resolve issues regarding resources, objectives and operations of functional area and team to meet business objectives
- Interpret and develop policies and procedures for functions with low to moderate complexity
- Collaborate and influence all levels of professionals including more experienced managers
- Lead team to achieve objectives and strategy
- Manage allocation of people and financial resources for Institutional Investment Operations group
- Mentor and guide talent development of direct reports and assist in hiring talent
- Support the lifecycle of Institutional trades while managing a larger group or multiple groups covering the following functions; T0 Blotter checks, Investigation & resolution of exceptions from Internal & external reconciliations for OTC & Listed Derivative asset class, monitoring various queues, performing key trade life cycle functions such as trade affirmations, allocations & validation, producing key metrics & varied reporting.
- Demonstrate good understanding of financial products & middle office controls.
- Knowledge of key regulations impacting the financial markets ( Dodd frank)
- Identify and recommend opportunities for process improvement and risk control development
- Collaborate with all business partners and various departments, create efficiencies and mitigate risk for team and organization
- Make decisions and resolve issues regarding resources, objectives and operations of functional area and team to meet business objectives
- Interpret and develop policies and procedures for functions with low to moderate complexity
- Manage and develop team of individual contributors and managers working on complex issues
- Collaborate and influence all levels of professionals including more experienced managers
- Lead team to achieve objectives and strategy
- Manage allocation of people and financial resources for Institutional Investment Operations group
- Mentor and guide talent development of direct reports and assist in hiring talent
- Ability to accurately process high volumes of work within established deadlines
- Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas, foster team work
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- 4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 2+ years of Leadership experience
- Experience in the institutional Investment Banking Operations with People management experience
- Working knowledge of the either of functions ex: Middle office Operations, Product control, trade & sales support, trader/sales assistant.
- Good understanding of Middle office controls, daily risk & PnL
- Willing to work in US Shift.
- Ability to work in a fast paced environment and time constraints
- Strong communication skills
- Candidate will be expected to work closely with the Middle Office LoBs in US and broad Operations functions. Some of the key functions would be a) Exception management through various reconciliations, b) Queue monitoring, c) performing trade affirmations, allocations & validation, d) producing key metrics & varied reporting.
- Candidate shall be able to demonstrate good understanding of financial products and key regulations impacting the financial markets.
- Candidate would be responsible to develop a team of individual contributors and help towards building a robust set up in India.
23 Jan 2025
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.